Business Fundamentals Back at the Controls

In this week’s Weekly Market Commentary, LPL Financial shares its Mid-Year Outlook for 2017.

Key takeaways include:

  • LPL Research forecasts 6–9% returns for the S&P 500 in 2017, commensurate with expected earnings gains. As investors increasingly trust that the economycan stand on its own without the need of monetary policy support, business fundamentals should take over as the primary market engine.
  • The economic expansion is poised to continue, and powered by business fundamentals, this eight-year-old bull market will probably continue as well.
  • Stocks are in a good position to stand on their own as monetary policy support is removed and deliver modest additional gains in the second half of 2017.

Read the complete report from LPL Finanical’s Burt White, Chief Investment Officer, and Jeffrey Buchbinder, CFA Market Strategist.